WeWork Debacle Changes the Gig Economy Game; Public Direct Sellers Continue to Slow.   WEWORK IMPLOSION SIGNALS THE END TO BLANK CHECK FINANCING FOR GIG ECONOMY For the past several years, growth in the U.S. Direct Selling market has appeared to plateau after decades of posting mostly consistent, mid-single-digit kind of growth rates, even during…

Read More
appointment

To combat child hunger in Utah, USANA recently opened a new food-packing facility with the goal of filling and delivering 1,000 backpacks each week to hungry children. “Having acquired Kids Eat Utah and Kids Next Door this past summer, USANA has joined them with our charity, the USANA Foundation, and built a new facility to…

Read More
Best in Biz Awards

Medical Marijuana subsidiary Kannaway, Medifast and USANA Health Sciences recently won Best in Biz Awards. Since 2011, the Best in Biz Awards has maintained its status as the only independent business awards program judged by prominent reporters and editors from top-tier publications from North America and around the world, from The Associated Press to The Wall Street Journal. Entrants have…

Read More
appointment

USANA announced the appointment of Timothy Wood, Ph.D., to the company’s board of directors and the promotion of Walter Noot to chief operating officer. “I’m very pleased to welcome Dr. Wood back to USANA as the newest member of our board,” said Myron W. Wentz, Ph.D., Chairman of the Board. “Prior to his retirement in…

Read More
USANA Q3

USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal third quarter ended September 28, 2019. Third quarter 2019 net sales were $260.6 million, compared with $296.8 million in the prior-year period, or a 12.2 percent decrease year-over-year. The company’s total number of active Customers at the end of the third quarter was…

Read More

Public Direct Sellers: Why We Have “Regulatory” and “China” as Risk Factors; Stocks Feeling the Pain China deteriorates substantially, and it’s not geopolitics  Business in China for the publicly traded Direct Selling stocks slowed substantially in the Q2 due to the government’s crackdown on direct selling nutrition companies earlier in the year. The most exposed…

Read More
China Conducting Random Compliance Checks

A source close to DSN is reporting that the Chinese government is conducting random checks to ensure companies selling wellness products in China are complying with the terms that came out of the 100-day freeze that ended in April of this year. The DSN source added that it’s not strange for the government to follow…

Read More
DSA Canada

The Direct Sellers Association (DSA) of Canada recently announced the recipients of the 2019 DSA Awards during their annual conference in Vancouver, British Columbia. The DSA Awards honor and recognize organizations and individuals for their outstanding contributions to the direct selling industry in Canada. “The recipients of these awards are true champions of Canada’s direct selling industry,”…

Read More
China

Public direct sellers: China issues have direct selling stocks starting 2019 off slowly; rideshare unicorn IPOs banged up in the public markets. China Issues Plague Direct Selling Stocks Our proprietary index of Direct Selling stocks continues to lag the S&P 500 so far this year through mid-May, down 3 percent versus +13 percent for the…

Read More